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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Water Pump Market Regional Analysis
The Asia Pacific accounts for a significant share of the market, owing to the rising infrastructure development in countries such as China and India. Moreover, the growth of the bio pharmaceutical industry in the region due to increased spending by local governments towards biotechnology, life sciences, healthcare, and pharmaceuticals is boosting the demand for water pumps for various applications. This, in turn, is positively influencing the growth of the market for water pumps in the Asia Pacific.
Water Pump Market Report Snapshots
Water Pump Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 67.76 billion in 2023.
The market is projected to grow at a CAGR of 4.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 99.82 billion by 2032.
The major drivers of the market are rising infrastructure development, high demand for water pumps from chemical industry, and increasing usage for irrigation purposes.
The key trends of the market are development of smarter and more efficient water pumps and the de-flooding features of water pumps.
The various pump types include centrifugal pump and positive displacement water pump, among others.
The major regions in the market include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key players in the market are Xylem Group, KSB SE & Co. KGaA, Sulzer Ltd., Weir Group, Pedrollo SpA, ITT Goulds Pumps, Grundfos Holding A/S, JEE PUMPS (GUJ.) PVT. LTD, Ebara Corporation, and Calpeda S.p.A, among others.
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